The price motorists are paying at the pumps for petrol has hit an eight-year high.
According to government data, petrol now costs an average of £1.32 per litre across the UK.
This is is the most expensive petrol has been since the end of September 2013.
The price of petrol has risen for 32 consecutive weeks.
The price of diesel is averaging £1.34 per litre, a slight fall on the previous week.
Steve Gooding, director of the RAC Foundation, said:
“It looks like our staycations have just got that bit more expensive.
“On top of huge hikes in the cost of holiday accommodation across the UK, motorists filling up the car for their family getaway will be faced with petrol prices at an eight-year high.
“There’s also the chance of worse to come with oil prices continuing to nudge upwards.”
Mr Gooding added that the rise in petrol prices means it was “no surprise” that more than one in 10 new cars sold in June were pure electric.
He continued: “With the oil price continuing to rise, and pump prices not far behind, it seems more and more people are doing the sums and finding that despite high purchase prices, the running costs of battery-powered vehicles really are too low to ignore.”
Average fuel costs were just £1.05 per litre of petrol and £1.12 per litre of diesel in May 2020, when the global shutdown caused by the coronavirus pandemic led to a collapse in the value of oil.
Since then, the cost of filling up a typical 55-litre car has risen by around £15 for petrol and £12 for diesel.
Philip Gomm – Head of External Communications – RAC Foundation
[email protected] | 07711 776448 | 020 7747 3445
Notes to editors:
The RAC Foundation is a transport policy and research organisation that explores the economic, mobility, safety and environmental issues relating to roads and their users.
The Foundation publishes independent and authoritative research with which it promotes informed debate and advocates policy in the interest of the responsible motorist. All the Foundation’s work is available at: www.racfoundation.org